422.208 Right to prepay. Subject to s. 422.209 and, with respect to a motor vehicle consumer lease, s. 429.207, the customer may prepay in full or in any part, at any time without penalty, the unpaid balance of any consumer credit transaction other than a transaction secured by a first lien mortgage or equivalent security interest on real estate with an original term of 10 years or more and on which the annual percentage rate disclosed pursuant to subch. III is 10 percent or less.
History: 1971 c. 239; 1995 a. 329.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 422 - Consumer credit transactions.
422.201 - Finance charge for consumer credit transactions.
422.203 - Delinquency charges.
422.205 - Finance charge on refinancing.
422.206 - Finance charge on consolidation.
422.207 - Advances to perform agreements of customer.
422.209 - Rebate on prepayment.
422.210 - Agricultural credit transactions.
422.301 - Requirements of federal act.
422.302 - General requirements and provisions.
422.303 - Form requirements other than open-end or discount.
422.304 - Prohibition of blank writings.
422.306 - Receipts; accounting; evidence of payment.
422.307 - Estimates or approximations.
422.308 - Open-end credit disclosures.
422.310 - Refund anticipation loans.
422.402 - Balloon payments prohibited.
422.403 - Maximum periods of repayment.
422.404 - Assignment of earnings.
422.405 - Authorization to confess judgment prohibited.
422.406 - Negotiable instruments.
422.407 - Defenses assertable against an assignee.
422.409 - Notice of assignment.
422.410 - Statements of compliance or performance.
422.412 - Restriction on liability in consumer lease.
422.413 - Limitation on default charges.
422.414 - Use of multiple agreements.
422.415 - Changes in open-end credit terms.
422.4155 - Notice of termination of liability.
422.416 - Referral transactions prohibited.
422.417 - Restrictions on security interests.
422.418 - Security interests: consolidations; open-end credit plans.
422.421 - Variable rate transaction.
422.502 - Registration requirements.
422.503 - Prohibited activities.